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Sunday, January 21, 2018

Money

The total amount of IPO is expected to exceed 8 trillion won (US$7.48 billion) this year.
Reaching Record High
11 January 2018 - 12:00pm
The total amount of initial public offering (IPO) is expected to be around 8 trillion won (US$7.48 billion) this year, reaching a record high. The number of companies demanding IPO is also forecast...
Korea’s tax office began a tax investigation of its major digital-currency exchanges including Bithumb and Coinone on January 10.
Tax Investigation into Bitcoin Exchanges
11 January 2018 - 11:45am
The National Tax Service (NTS) of South Korea began a tax investigation of its major digital-currency exchanges that trade bitcoin, such as Bithumb and Coinone, on January 10. Coinone said, “The NTS...
Due to Unfavorable Factors
11 January 2018 - 11:30am
Samsung Electronics’ shares fell more than 3 percent due to foreign investors’ selling spree on January 9 when the company said it posted an operating profit of 50 trillion won (US$46.73 billion) a...
CoinMarketCap, excluded some Korean exchanges in price calculations due to the extreme divergence in prices from the rest of the world and limited arbitrage opportunity on January 8 (local time),
Excluded from Global Price Calculation
10 January 2018 - 9:30am
The value of global cryptocurrencies plummeted after an influential index excluded South Korean exchanges from its data of price average calculations. It showed that every digital currency is priced...
Investors are flocking into small and mid-size cryptocurrency exchanges that are in legal limbo, getting around the regulations.
Unable to Control Speculation
9 January 2018 - 9:30am
The South Korean government is making an effort to clamp down on cryptocurrency speculation but investors are flocking into small and mid-size cryptocurrency exchanges that are in legal limbo,...
Digital coins whose prices are lower than 1,000 won (US$0.94) showed a higher rise during the period between December 7 in 2017 and January 7 this year. .
Smaller Bitcoins
8 January 2018 - 11:45am
With the digital currency frenzy having continued from the beginning of the year, the market price of the so-called digital coins, such as Ripple and Ada, which was lower than 1,000 won (US$0.94),...
South Korean investors invested 461.3 billion won (US$433.96 million) in 11 Vietnamese funds set up in Vietnam in 2017, except for exchange traded funds (ETFs).
Warning Against Leaning
8 January 2018 - 11:30am
South Korean investors accounted for 40 percent of foreign ownership of Vietnamese stocks last year. As the Ho Chi Minh Stock Exchange's main index, or VN Index, has made more than 40 percent of...
“KOSPI 3,000 era” will arrive in 2018 as the upturn in the stock market is forecast to continue again this year.
Stock Prospects for 2018
2 January 2018 - 2:00pm
Experts say that the “KOSPI 3,000 era” will arrive in 2018 as the upturn in the stock market is forecast to continue again this year despite some risk factors such as an asset shrinkage caused by the...
The KOSPI renewed its highest record in terms of index, market cap and increase rate this year.
Surpassing Market Cap of 1,600 Trillion Won
29 December 2017 - 10:00am
The KOSPI renewed its highest record in terms of index, market cap and increase rate this year. The Korea Exchange (KRX) announced on December 28 that the KOSPI index hit an all-time high at 2,557...
The Korean government plans to consider even shutting down the exchanges when a frenzy of speculation doesn’t subside.
Measures against Cryptocurrency Speculation
29 December 2017 - 9:30am
The South Korean government will adopt a real-name financial transaction system on cryptocurrency exchanges by the end of January next year. It will also ban banks from providing virtual account...
The foreign investor sentiment is highly unlikely to recover until early next year.
From Buy-Korea to Bye-Korea
27 December 2017 - 11:00am
Foreign investors offloaded more than 1.8 trillion won (US$1.67 billion) worth of shares traded on South Korea's main bourse. The government’s recent move to increase transfer and corporate taxes,...
South Korean card issuers are expanding services that allow cardholders to use domestic use-only cards in other countries as well.
Expanding Card Services
26 December 2017 - 11:00am
South Korean card issuers are showing a move to gain independence from global card payment networks, such as Visa and Mastercard, by expanding services that allow cardholders to use domestic use-only...

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